1.45pm: The FT has appointed associate editor John Willman as UK business editor - bringing the number of appointments and reshuffles since editor Lionel Barber took over to nearly 20. By Stephen Brook.

David Hencke: Journalists on the sedate Financial Times may be in for a rather more aggressive time from their new editor, Lionel Barber, if reports about his behaviour on the tennis court are to be believed.